Ingersoll-Rand Company Limited (NYSE:IR)
CAPS Rating:
The Company is a provider of climate control, industrial, compact vehicle, construction and security products. Offers a diverse product portfolio that includes well-recognized industrial and commercial brands.
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IR just announced plans to spin off its security business, bumped its dividend 31%, and announced a share buyback program. Usually spinoffs end up creating value for both the original company and the new one; I think these recent developments make the stock a long-term winner.